Get Ahead of Mandatory Compliance & Learn How Money is Laundered Through Real Estate Transactions.

Do you know your Anti-Money Laundering (AML) Training Requirements?

The real estate sector looks to be coming under increased scrutiny from government regulators and enforcement agencies for its compliance with anti-money laundering and reporting obligations.

This course provides real estate professionals the anti-money laundering voluntary guidelines aimed at increasing awareness, knowledge, and understanding of the potential money laundering risks surrounding real estate, and to enable real estate professionals to identify and to take practical measures to mitigate these risks. NAR is strongly encouraging voluntary compliance.

Money laundering through US real estate purchases by individuals and business entities continues to be a prime mechanism to conceal illicit assets. For example, between 2015 and 2020, at least $2.3 billion was laundered through US real estate, with estimates by Washington, DC think tank, Global Financial Integrity (GFI), putting the number much higher.

Approximately $463 billion in 2021 residential real estate transactions will “likely proceed without any anti-money laundering reporting obligations,” according to Financial Crimes Enforcement Network (FINCEN) leaving “a substantial portion of the real estate market” unprotected.

Taught by: Debra Killian

Debra Killian is a licensed real estate agent and was a licensed mortgage broker and loan originator for 28 years.  She has been teaching financing and real estate courses with Dynamic Directions for over 20 years.